Cushman & Wakefield inks 450,000 s/f lease
SOUTH BRUNSWICK, NJ — Cushman & Wakefield has inked a 450,000 s/f, full-building industrial lease for storage and moving services provider Clutter at 1065 Cranbury South River Rd. in South Brunswick. The newly constructed facility, launched as a speculative development by IDI Logistics, is nearing completion and will accommodate a late summer move-in. Andrew Stypa and Daniel Badenhausen of the commercial real estate firm’s Iselin office, represent Clutter – a Los Angeles-based startup. Over the past two years, they have represented Clutter with their leases in Northern and Southern California, and Seattle. Cushman & Wakefield’s Jason Goldman, Andrew Siemsen and Marc Petrella also based in Iselin, served as landlord representative for IDI Logistics in the long-term lease. “The storage industry generates a reported $38 billion in annual revenue, and within this sector, Clutter is carving a distinctive niche from a service perspective,” Stypa noted, adding the company quickly outgrew its first East Coast facility, leased two years ago in North Bergen.